Safe & Green shares surge 25.33% after-hours as rebrand to Olenox reflects modular focus.

Safe & Green Holdings Corp. (NASDAQ: SGBX) surged 25.33% in after-hours trading following its announcement that it has completed a corporate rebranding to Olenox Industries Inc., with a new ticker symbol "OLOX." The rebranding, aimed at reflecting the company’s focus on modular structure development and sustainable container-based construction, aligns with its strategic pivot toward industrial, energy, and infrastructure markets. The move underscores the firm’s emphasis on technological innovation and scalability in modular solutions, supported by subsidiaries like Giant Containers. While the news also highlighted financial challenges such as a weak gross profit margin, the rebranding itself was widely interpreted as a positive step to clarify the company’s market positioning and growth trajectory, likely driving the sharp after-hours price increase.